Section Text
1) The Government shall appoint a
Managing Director of the Corporation and a Chief Accounts Officer of the Corporation.
(2) The Corporation may appoint such other officers and servants, subordinate to the
officers mentioned in sub-section (1), as it considers necessary for the efficient performance of
its duties and functions.
(3) The conditions of appointment and service of the officers and servants of the
Corporation and their scales of pay shall,—
(a) as regards the Managing Director and Chief Accounts Officer, be such as may be
prescribed; and
(b) as regards the other officers and servants, be such as may be determined by regulations
made under this Act